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AI Analysis of HBAN
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Weaker technical forecast for Huntington Bancshares Incorporated as stock downgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)

Buy or Hold candidate since Apr 22, 2024 Gain 0.15% PDF

The Huntington Bancshares Incorporated stock price fell by -0.221% on the last day (Friday, 26th Apr 2024) from $13.58 to $13.55. During the last trading day the stock fluctuated 1.56% from a day low at $13.50 to a day high of $13.71. The price has risen in 6 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 11 million shares were bought and sold for approximately $154.23 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.56% during the next 3 months and, with a 90% probability hold a price between $14.31 and $15.56 at the end of this 3-month period.

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HBAN Signals & Forecast

The Huntington Bancshares Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.50 and $13.46. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Huntington Bancshares Incorporated stock

Huntington Bancshares Incorporated finds support from accumulated volume at $13.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.210 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: $12.90 (-4.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (HBAN) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Huntington Bancshares Incorporated to open at $13.59, and during the day (based on 14 day Average True Range), to move between $13.23 and $13.87, which gives a possible trading interval of +/-$0.319 (+/-2.36%) up or down from last closing price. If Huntington Bancshares Incorporated takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.53 (0.15%) than the resistance at $13.58 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Huntington Bancshares Incorporated stock A Buy?

Huntington Bancshares Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.161 Hold/Accumulate Downgraded

Predicted Opening Price for Huntington Bancshares Incorporated of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$13.59 ( 0.271%) $13.55

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HBAN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.80 1.82 %
R2 13.72 1.23 %
R1 13.67 0.86 %
Current price: 13.55
Support S1 13.51 -0.321 %
S2 13.46 -0.687 %
S3 13.38 -1.28 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.61 0.443 %
R2 13.60 0.369 %
R1 13.58 0.221 %
Current price 13.55
Support S1 13.53 -0.148%
S2 13.28 -1.99%
S3 13.05 -3.69%

HBAN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 17, 2024 Jun 17, 2024 Jul 01, 2024 $0.155 1.14%
2 Apr 19, 2024 Jun 14, 2024 Jul 01, 2024 $0.155 1.14%
3 Jan 19, 2024 Mar 15, 2024 Apr 01, 2024 $0.155 1.13%
4 Oct 20, 2023 Dec 15, 2023 Jan 02, 2024 $0.160 1.24%
5 Jul 19, 2023 Sep 15, 2023 Oct 02, 2023 $0.155 1.55%

FAQ

What is the symbol for Huntington Bancshares Incorporated Stock and on which exchange is it traded?
The symbol for Huntington Bancshares Incorporated is HBAN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Huntington Bancshares Incorporated Stock?
Huntington Bancshares Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Huntington Bancshares Incorporated Stock?
Huntington Bancshares Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Huntington Bancshares Incorporated Stock.

What's the current price of Huntington Bancshares Incorporated Stock?
As of the end of day on the Apr 26, 2024, the price of an Huntington Bancshares Incorporated (HBAN) share was $13.55.

What is the 52-week high and low for Huntington Bancshares Incorporated Stock?
The 52-week high for Huntington Bancshares Incorporated Stock is $14.07 and the 52-week low is $9.13.

What is the market capitalization of Huntington Bancshares Incorporated Stock?
As of the Apr 26, 2024, the market capitalization of Huntington Bancshares Incorporated is 19.726B.

When is the next earnings date for Huntington Bancshares Incorporated?
The upcoming earnings date for Huntington Bancshares Incorporated is Jul 19, 2024.
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About Huntington Bancshares Incorporated

Huntington Bancsharesorporated Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and se... HBAN Profile

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